Live in Cyprus with Permanent Residency through Investment: The Cyprus Golden Visa Program
Are you looking for a beautiful European country to live, retire in, or establish a business base? The Cyprus Golden Visa program offers a fast-track path for non-EU nationals to permanent residency in Cyprus through a significant investment.
Benefits of the Cyprus Golden Visa Program:
Fast Processing: Applications are typically processed within two months.
Approval almost guaranteed. If you fulfil all of the requirements, you’re almost certain to be approved.
Low Minimum Investment: €300,000 investment in real estate, company shares, or collective investment schemes.
No residency requirement. You don’t have to actually reside in Cyprus to obtain and retain its permanent resident status as long as you simply visit the country once every two years.
Residence doesn’t expire. Your permanent residence permit won’t expire for as long as you hold your initial investment or replace it with another of equal or greater value of the eligible investment categories and continue to fulfil income requirements.
Pathway to Citizenship: Apply for Cypriot citizenship after five years of actual residency.
High Quality of Life. Cyprus is a world-class country with amazing infrastructure, excellent medical facilities and outstanding educational facilities. Plus it offers a safe environment, beautiful beaches, and a sunny climate
People speak English. Not everyone wants to reside in a country where they would have to learn a new language. Although the official languages are Greek and Turkish, pretty much everyone speaks English in Cyprus.
Bring your entire family. Your entire family is eligible to apply. Your spouse or civil partner, your minor children, as well as unmarried children aged 18-25 can be added to your residence application.
Business Potential: The residency permit holder may setup company in Cyprus. Although the program does not automatically grant work rights, under certain conditions the permanent resident may hold paid director position within that company or unpaid director positions in other cases.
EU Access: All Cyprus citizens enjoy visa-free travel throughout EU member states. This right will automatically extend to Cyprus permanent residency holders as soon as Cyprus joins the Schengen zone. Cyprus has already fulfilled relevant requirements and aims to achieve accession within 2024.
Eligibility Criteria:
- You must invest at least €300,000 (plus VAT where applicable) in one of the below listed options:
- Investment in a housing unit / apartment: Purchase of a first sale housing unit or apartment from a development company for a purchase price of at least € 300,000 (plus VAT where applicable)..
- Investment in real estate (excluding housing / apartments): Purchase of other types of real estate such as offices, shops, hotels or similar developments or a combination of these with a total value of € 300,000(plus VAT if applicable). Such type of properties can also be resale properties.
- Investment in a Company share capital: Investment worth of € 300,000 in a company registered and operating in the Republic of Cyprus that has a proven physical presence in Cyprus and employs at least five (5 ) people.
- Investment in shares of Cyprus Investment Organization Collective Investments (type AIF, AIFLNP, RAIF): Investment worth € 300,000 in shares of Cyprus Investment Organization Collective Investments.
- You must have a secure annual income of €50,000 for yourself, plus €15,000 for your spouse and €10,000 for each dependent child. This income should derive from abroad and may include salaries or wages, pensions, dividends from shares, bank deposits interest, rents, etc and spouse’s income can also be taken into account. In case the investment was made in categories B,C,D above, income from sources within the Republic is also counting for the calculation of total available income.
- You must pass a clean criminal background check.
- You must submit a health insurance policy certificate covering inpatient and outpatient care.
Family Benefits:
Your spouse and minor children can be included in your application as well as unmarried children between the ages 18-25 under the conditions provided in the full program details.
Compared to Other European Golden Visa Programs:
- Cyprus offers a lower minimum investment amount compared to some other European programs.
- Cyprus has a faster application processing time than many other programs.
- There is no minimum stay requirement in Cyprus, unlike some other programs.
- No donation requirements, you stay in control of your investment
- Flexible investment options, to best match your personal requirements
- Best and cost effective route for a European passport, provided you stay in the country for five years
- Own a Cypriot business, even through you have no right to work you can still receive dividends
- People speak English, allowing for easy integration
Ready to Get Started?
We work with reputable Immigration Lawyers who can provide you with personalized consulting and handle the preparation of your application for the Cyprus Golden Visa program. They can also advise you on the details of including your family members and the possibility of establishing a company in Cyprus.
We may assist you with finding suitable properties to cover the eligibility criteria of the program, if you chose to follow the relevant program options A-B, or for your personal and family residence in all other options.
Last, we may provide you with suitable health insurance coverage as per the program requirements.
Note: This is a general summary of the program provided for informational purposes only and does not constitute legal or investment advice. Always consult with an immigration lawyer for the latest information and to confirm your eligibility and any other detail that may be necessary for an informed decision.